HomeMy WebLinkAbout1566 _ _ _ ~.v...._ _ ~ _ r
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prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; (b) Borrower cures
all breaches of any other covenants w agreamenls of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agraments of Borrower contained in this Mortgage and in -
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to. reasonable attorney's fees: and
(d) Borrower takes such action a: Lender may reasonably require to aswre that the lien of this Mortgage, Lender's interat
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Bc?rmwrr. this ~f~rtgake a?td the nhli~alinnc secured hereby ehall remain in full force and effect ss it
no acceleration had occurred. - -
20. AsdgaweN of Reaek AppoiatwcM of Receiver. As additional security hereunder, Borrower hereby assigns to
Lender the rents of the Property, provided that Borrower shall, .prior to acceleration under paragraph 18 hereof or abandon-
. meat of the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a
receiver appointed by a court to enter upon. take possession of and manage the Property and to oolkct the rents of ibe
Pq~perty, including those past due. All rents collected. by the receiver shall be applied first to payment of the costs of
m nagement o[ the Properly }red collection of rents, includmg, but not limited to. receiver's fear, premiums on roceiver'a
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account
- only for chase tents actually received. -
21. Fttt+re Advanees. Upon request by Borrower. Lender, at lender's option within twenty years Irom the date of the
Mortgage, may make Future Advances to .Borrower. Such Future Advances, with interat thereon, shall be secured by tbis
Mortgage whm evidenced bg promissory notes stating that said notes are secured hereby..At no--time shall the principal
amount of the indebtedness secured by this Mortgage. not including sums adv ~ ~o~ordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS. ~i ~ ?Y:~.• W • • • • • • • • • • • • • • • -
22. Rekaee. Upon payment of aA sums secured by this Mortgage. Lender shall release this•Mortgage without charge
to Borrower. Borrower shall pay aU coats of recordation. if any.
23. Attoraxy's Fees. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees. if any,
which may be awsrded by an appellate court.
IN WITNESS WHEREOF, t3oriower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
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- ...,,~-.(Sean
' Robert D. Sputrgeon~ - ~r~
~ ...40. ~ ~ l'~.:.~ ~QC'ir,.,r...... (seal) .
- Phylli(~purgeon ~ U -aonwwr
~F, l~li~?RYLf1ND - - .
' l~nne Arundel
` STATE OF ................county ss: .
I hereby certify that on this day,"before crag, an officer dul authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared.. D' PHYIZIS,O., . , , . , , ,
$PjTRC~ON, hi$,Mife to ttte known to be the person(s) described in and who executed the
I foregoing-instrument and acknowledged before tae that ~Y...... executed the same for the purpose therein
j expressed. -
WtTN .,my handLand official seat in tl~
rnunty and state aforesaid this.'......./.5..........day of
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